Financial Engines Advisors L.L.C. Acquires New Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Financial Engines Advisors L.L.C. bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,746 shares of the bank’s stock, valued at approximately $339,000.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Glacier Bancorp in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC grew its stake in shares of Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after acquiring an additional 431 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after acquiring an additional 526 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Glacier Bancorp by 19.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock valued at $177,000 after acquiring an additional 578 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GBCI. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler lowered their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Price Performance

Shares of GBCI opened at $44.85 on Friday. The firm has a fifty day moving average price of $48.13 and a 200 day moving average price of $49.82. The stock has a market cap of $5.09 billion, a PE ratio of 26.86 and a beta of 0.77. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.94%. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.